Rates as of November 19, 2018 10:20 A.M.

Rates subject to change at any time without notice.

South Central Bank, N.A. NMLS ID#: 433946

30 YEAR FIXED

This is a conventional 30-year loan for owner occupied properties. There is no prepayment penalty. The Annual Percentage Rate (APR) calculation is based on a $453,100 loan with the interest rate and points listed on the chart. The calculation assumes a 25% down payment, with no mortgage insurance required. However, similar loans are available with much lower down payments.

20 YEAR FIXED

This is a conventional 20-year loan for owner occupied properties. There is no prepayment penalty. The Annual Percentage Rate (APR) calculation is based on a $453,100 loan with the interest rate and points listed on the chart. The calculation assumes a 25% down payment, with no mortgage insurance required. However, similar loans are available with much lower down payments.

Special 15 YEAR FIXED

This is a conventional 15-year loan for owner occupied properties. There is no prepayment penalty. The Annual Percentage Rate (APR) calculation is based on a $453,100 loan with the interest rate and points listed on the chart. The calculation assumes a 25% down payment, with no mortgage insurance required. However, similar loans are available with much lower down payments.

5 YEAR FIXED / ADJUSTABLE JUMBO

This is a non-conforming 30-year loan for owner occupied properties. There is no prepayment penalty. The Annual Percentage Rate (APR) calculation is based on a $650,000 loan with the interest rate and points listed on the chart. The calculation assumes a 25% down payment, with no mortgage insurance required. The rate is fixed for the first 5 years and adjusts annually for the remainder of the 30-year term. The rate can change 5% after 60 months, 2% every following year, but can only rise by 5% (above the start rate) over the life of the loan.

These loan details should not be considered an adjustable rate disclosure, which would be provided at time of application.

30 YEAR JUMBO

This is a non-conforming 30-year loan for owner occupied properties. There is no prepayment penalty. The Annual Percentage Rate (APR) calculation is based on a $650,000 loan with the interest rate and points listed on the chart. The calculation assumes a 25% down payment, with no mortgage insurance required.

5 YEAR FIXED / ADJUSTABLE

This is a conventional 30-year loan for owner occupied properties. There is no-prepayment penalty. The rate is fixed for the first 5 years and adjusts annually for the remainder of the 30-year term. The rate can change 5% after 60 months, 2% every following year, but can only rise by 5% (above the start rate) over the life of the loan. The Annual Percentage Rate calculation is based on a $453,100 loan with the interest rate and points listed on the chart. The calculation assumes a 25% down payment, with no mortgage insurance required. However, similar loans are available with much lower down payments.

Loans must meet Fannie Mae / FHMLC requirements for income, debt, credit and property appraisal. These loan details should not be considered an adjustable rate disclosure, which would be provided at time of application.

special 8 YEAR FIXED / ADJUSTABLE

This is a conventional 30-year loan for owner occupied properties. There is no-prepayment penalty. The rate is fixed for the first 8 years and adjusts annually for the remainder of the 30-year term. The rate can change 5% after 96 months, 2% every following year, but can only rise by 5% (above the start rate) over the life of the loan. The Annual Percentage Rate calculation is based on a $453,100 loan with the interest rate and points listed on the chart. The calculation assumes a 25% down payment, with no mortgage insurance required. However, similar loans are available with much lower down payments.

Loans must meet Fannie Mae / FHMLC requirements for income, debt, credit and property appraisal. These loan details should not be considered an adjustable rate disclosure, which would be provided at time of application.

30 YEAR FIXED FHA

This is a Federal Housing Administration (FHA) 30-year loan for owner occupied properties. There is no-prepayment penalty.

The Annual Percentage Rate (APR) calculation is based on a $365,700 loan with the interest rate and points listed on the chart. The calculation assumes that this is a maximum loan to value purchase where the up front mortgage insurance is financed in the transaction.

30 YEAR FIXED VA

This is a Veteran’s Affair (VA) 30-year loan for owner-occupied properties. There is no pre-payment penalty.

The Annual Percentage Rate (APR) calculation is based on a $453,100 loan with the interest rate and points listed on the chart. The calculation assumes that this is a maximum loan to value purchase where the up front mortgage insurance is financed in the transaction.

NEED SOMETHING DIFFERENT?

South Central Bank offers over several different loan Jumbo and niche products to serve your individual needs. As a FannieMae seller/servicer, we offer a wide selection of conventional loan products, including fixed rate, adjustable rate and low down payment loans and first time home buyer loans from the Illinois Housing Development Authority. As an approved HUD/FHA Title II lender, South Central Bank has an in-house staff of direct endorsement underwriters to ensure your loan is underwritten quickly. And through our own portfolio and network of national lenders, South Central Bank has dozens of jumbo and niche products to serve your individual needs.

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